Overview
What is The Uwm Foundation Inc?
The Uwm Foundation Inc, established in Milwaukee, Wisconsin, is a nonprofit organization dedicated to supporting the University of Wisconsin-Milwaukee (UWM) through various means. With a mission to enhance the educational, literary, and scientific pursuits of UWM, the foundation receives, manages, and distributes gifts to benefit students, faculty, programs, and the community. In addition to its primary role, the UWM Foundation provides leadership, oversight, and direction to its affiliated corporations – the UWM Real Estate Foundation, Inc., and the UWM Research Foundation, Inc. These corporations create new facilities for student life, research, academics, and regional economic development, while generating new revenue sources from research, commercialization, and entrepreneurial activities. With a team of 38 employees, the Uwm Foundation Inc plays a crucial role in fostering the growth and success of UWM.
Official website here: www.uwm.foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Uwm Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong focus on accountability and finance. This rating is based solely on the organization's financial management, where it has excelled in multiple areas such as having a majority of independent board members and a thorough audit and oversight committee. The foundation demonstrates transparency through its policies and practices, which are well-documented and accessible.
The organization's financial health is commendable, with a program expense ratio of nearly 87%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, its fundraising efficiency ratio of just $0.04 suggests that the foundation is highly effective in raising funds relative to its expenses. The low liabilities to assets ratio further underscores its solid financial footing.
While the data is overwhelmingly positive, there are no noted limitations in the available feedback. The foundation’s commitment to ethical practices, evidenced by its policies on conflicts of interest and whistleblower protections, enhances its credibility and trustworthiness in the nonprofit sector. Overall, The Uwm Foundation Inc stands out as a well-managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Uwm Foundation Inc legitimate?
The Uwm Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Uwm Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $554,868
Professional Fundraising Fees: $0
Other Salaries and Wages: $339,821
For more financial information, click here
Official website here: www.uwm.foundation
What is the mission statement of The Uwm Foundation Inc?
The Uwm Foundation Inc supports the educational, literary, and scientific pursuits of the University of Wisconsin-Milwaukee by managing donations and distributing funds for the benefit of its students, faculty, programs, and community. The foundation leads, oversees, and directs its affiliated corporations, Uwm Real Estate Foundation Inc and Uwm Research Foundation Inc, to create new university facilities and generate new sources of revenue through research, commercialization, and entrepreneurial activities. These efforts aim to enhance student life, research, academics, and regional economic development at the university.
Official website here: www.uwm.foundation
Who is the CEO of The Uwm Foundation Inc?
David Gilbert is the President; Ex-Officio of The Uwm Foundation Inc.
Official website here: www.uwm.foundation
What is the revenue of The Uwm Foundation Inc?
The Uwm Foundation Inc's revenue in 2022 was $39,411,419.
Official website here: www.uwm.foundation
Who are the executives of The Uwm Foundation Inc and what are their salaries?
The average compensation at The Uwm Foundation Inc during 2022 was $23,544. There are 38 employees and 35 volunteers at The Uwm Foundation Inc.
Here are 40 key members and their salaries:
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Official website here: www.uwm.foundation
Where can I find the form 990 for The Uwm Foundation Inc?
The Uwm Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uwm.foundation
Learn more at the official website: www.uwm.foundation
Mission Statement of The Uwm Foundation Inc
The Uwm Foundation Inc, a dedicated organization, is committed to supporting the educational, literary, and scientific pursuits of the University of Wisconsin-Milwaukee. By receiving, managing, and distributing gifts, this foundation contributes to the betterment of the university's students, faculty, programs, and community.
Beyond its primary role, The Uwm Foundation Inc also provides leadership, oversight, and direction to its affiliated corporations - the Uwm Real Estate Foundation Inc and the Uwm Research Foundation Inc. These entities create new university facilities that enhance student life, research, academics, and regional economic development. Furthermore, they generate new sources of revenue from research, commercialization, and entrepreneurial activities.
In essence, The Uwm Foundation Inc serves as a vital partner to the University of Wisconsin-Milwaukee, working tirelessly to secure resources and opportunities that benefit the university and its community. Its mission is integral to the university's growth and success.
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Impact
October, 2024
The UWM Foundation Inc. significantly enhances the educational landscape of the University of Wisconsin-Milwaukee by actively managing and distributing financial support that benefits students, faculty, and various academic programs. This impact is evident in the foundation's commitment to advancing educational, literary, and scientific endeavors, thereby fostering an environment conducive to learning and innovation.
By providing essential resources, the foundation plays a crucial role in the administration and development of the university's facilities, ensuring that students have access to modern amenities that enhance their educational experience. Additionally, the foundation collaborates with its affiliated corporations—the UWM Real Estate Foundation and the UWM Research Foundation—to establish new facilities that support research and academic initiatives, promoting regional economic development and creating new revenue avenues through commercialization and entrepreneurial activities.
Through these efforts, the UWM Foundation Inc. not only enriches the academic environment but also strengthens the community by producing well-rounded graduates who are equipped to contribute meaningfully to society. Overall, its impact reverberates through improved educational outcomes, enhanced faculty support, and the cultivation of a vibrant academic community.
This information is meant to be a general summary of The Uwm Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,043,851
- Gross Receipts: $59,842,856
Assets and Liabilities:
- Total Assets: $226,454,661
- Total Liabilities: $19,744,302
- Net Assets: $206,710,359
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Organization Details
Founding Year
1974
Phone
(414) 906-4645Principal Officer
David Gilbert
Main Address
1440 EAST NORTH AVENUE, MILWAUKEE, WI, 53202
Website
www.uwm.foundationNTEE Category
Code: B80 - Education
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